SBI Magnum Children's Benefit Fund Investment Direct Growth

Hybrid
Direct
Children
SBI Magnum Children's Benefit Fund Investment Direct Growth

About the Fund

SBI Magnum Children's Benefit Fund Investment Direct Growth is a hybrid fund. This fund was started on 29 September, 2020. The fund is managed by Mohit Jain, Dinesh Ahuja, Rama Srinivasan. This fund gives you the benefit of diversification.

Key Parameters

  1. SBI Magnum Children's Benefit Fund Investment Direct Growth has ₹2326 Cr worth of assets under management (AUM) as on Jun 2024 and is more than category average.
  2. The fund has an expense ratio 0.8.

Returns

SBI Magnum Children's Benefit Fund Investment Direct Growth has given a CAGR return of 46.29% since inception. Over the last 1 and 3 years the fund has given a CAGR return of 47.29% and 32.17% respectively.

Holdings

SBI Magnum Children's Benefit Fund Investment Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Industrial, Consumer Cyclical, Communication, Consumer Defensive, Health, Basic Materials, Tech.

Taxation

As it is a children mutual fund the taxation is as follows:
If the fund is equity oriented i.e. asset allocation of more than 65% in equity instruments:
For short term (less than a year) capital gains will be taxed at 15%
For long term (more than 1 year) capital gains will be taxed at 10% without indexation benefit
Gains up to Rs 1 lakh are exempt from taxation (more than 12 months).

Investment objective of SBI Magnum Children's Benefit Fund Investment Direct Growth

The investment objective of the scheme is to generate long term capital appreciation by investing predominantly in equity and equity related securities of companies across sectors and market capitalizations. The scheme will also invest in debt and money market instruments with an endeavour to generate income. However, there is no guarantee or assurance that the investment objective of the scheme will be achieved.

Minimum Investment and lockin period

Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 500.00. There is a lock in period for SBI Magnum Children's Benefit Fund Investment Direct Growth of 5 Years

Fund Performance
zero opening, trading, fund transfer fee
735 people have invested ₹ 71.7L in SBI Magnum Children's Benefit Fund Investment Direct Growth in the last three months

Fund Overview

Expense ratio0.81%
Benchmark
CRISIL Hybrid 35+65 - Agg TR INR
AUM₹2326 Cr
Inception Date29 September, 2020
Min Lumpsum/SIP₹5000/₹500
Exit Load
3%
Lock In5 Years
TurnOver
93.92%
Risk
Risk meter
pointer
Very High Risk

Fund Distribution
as on (30-Jun-24)

  • Equity 88.7%

  • Debt & Cash 11.3%

Small cap
40.3%

Large cap
19.3%

Mid cap
13.5%

Sector Allocation

Jun'24

May'24

Apr'24

Financial Services
24.2%
Industrial
17.8%
Consumer Cyclical
16.1%
Communication
13.9%
Consumer Defensive
10.8%
Health
9.6%
Basic Materials
5.3%
Tech
2.3%
All changes are between Oct'69 and Dec'69

Mohit Jain
Mohit Jain
Fund Manager of SBI Magnum Children's Benefit Fund Investment Direct Growth, since 29 September 2020
Dinesh Ahuja
Dinesh Ahuja
Fund Manager of SBI Magnum Children's Benefit Fund Investment Direct Growth, since 29 September 2020
Rama Srinivasan
Rama Srinivasan
Fund Manager of SBI Magnum Children's Benefit Fund Investment Direct Growth, since 29 September 2020
Top funds managed

SBI Magnum Children's Benefit Fund Investment Direct Growth Highlights

Risk meter
pointer

Very High Risk

Investors understand that their principal will be at Very High Risk
About the fund

About the fund

This fund has delivered an average annual returns of 46.29% since inception which is more than its category average return of 13.51%
Fund Allocations

Fund Allocations

This fund has an allocation of 88.71% in Equity, 0% in Debt and 11.29% in Cash related instruments
AUM size ₹2326 Cr

AUM size ₹2326 Cr

This fund has AUM of ₹2326 Cr which is more than its category average of ₹ 1664 Cr
Expense Ratio 0.81%

Expense Ratio 0.81%

This fund has an expense ratio of 0.81% which is less than its category average expense ratio of 1.7%

Frequently Asked Questions

The current NAV of SBI Magnum Children's Benefit Fund Investment Direct Growth is ₹41.87 as on 19-Jul-2024.
Existing (Absolute + CAGR) as on 19-Jul-2024.
SBI Magnum Children's Benefit Fund Investment Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
8.32%
8.32%
6 Month Returns
32.43%
32.43%
1 Year Returns
47.29%
47.29%
3 Years Returns
130.89%
32.17%
5 Years Returns
0%
0%
With INDmoney, the process of investing is very simple and involves zero commission.
  • Click Buy on the fund name.
  • Input the amount you are looking to invest.
  • Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
  • Select your bank account and proceed with Payment.
0.81% as on June 2024
₹2326 Cr as on June 2024
Shakti Pumps (India) Ltd(6.93%), Dodla Dairy Ltd(5.64%), Le Travenues Technology Ltd(5.42%), Kalpataru Projects International Ltd(4.6%), Kotak Mahindra Bank Ltd(3.88%) as on June 2024
Financial Services(21.44%), Industrial(15.78%), Consumer Cyclical(14.26%) as on June 2024
AAA
100
Mohit Jain, Dinesh Ahuja, Rama Srinivasan are the fund managers of SBI Magnum Children's Benefit Fund Investment Direct Growth
The Exit load of SBI Magnum Children's Benefit Fund Investment Direct Growth is 3%